Meaning of Deferred Tax Liability & Asset in Simple Words

Vignesh Killur , Last updated: 10 August 2020  
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Republished with updates till July 2018 In Simple words, Deferred Tax Liability is a Provision for Future Taxation. This is in stark Contrast to Provision for Taxation. Provision for Taxation is basicallya provision for Current year Taxation. Deferred Tax Liability arises due to timing diff

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